The Majority in Parliament has defended the Bank of Ghana’s 2025 financial results, saying the big losses are not a sign of failure but the cost of fixing the economy.
Speaking at a press conference in Accra on Tuesday, May 5, the MP for Amenfi West and Chairman of Parliament’s Economic and Development Committee, Eric Afful, explained that the Bank’s negative equity does not mean it is broke.
He said central banks are different from normal banks.
They are not created to make profit but to keep the economy stable.
According to him, the Bank of Ghana’s financial situation reflects the price it had to pay to stabilise the country during a difficult economic period.
The Bank of Ghana reported a loss of GH¢15.63 billion in 2025.
This is much higher than the GH¢9.49 billion loss recorded in 2024, an increase of about 65%.
At the same time, its negative equity has grown to GH¢93.82 billion, which has raised concerns among the public, opposition groups, and some experts.
However, the Majority says this is not unusual, especially when a central bank takes strong steps to control inflation and stabilise the economy.
They pointed out that other big central banks around the world, like the European Central Bank, United States Federal Reserve, and Reserve Bank of Australia, have also recorded losses during similar periods.
Mr Afful stressed that what really matters is the results of the Bank’s actions, not just the financial figures.
He said there are clear signs that things are improving as inflation has dropped, the exchange rate is more stable, foreign reserves have increased, interest rates are going down, access to credit is getting better, and the economy is growing.
He admitted that people still have valid concerns about how the Bank operates, including issues around transparency and efficiency.
But he said these concerns should be considered alongside the progress the economy is making.
According to him, the main job of the Bank of Ghana is to keep prices stable and maintain a healthy financial system not to make profits.
He believes the Bank’s recent policies have helped rebuild confidence in the economy.
The Majority says it is speaking out to correct what it sees as misunderstandings about the Bank’s financial position, as discussions continue about the long-term impact of its policies.
